answersLogoWhite

0

Why is a dime smaller than a penny?

Updated: 9/14/2023
User Avatar

Wiki User

12y ago

Best Answer

Originally, a cent had 1 cent's worth of copper, a nickel 5 cents' worth of nickel, and a dime 10 cents' worth of silver. Because the same weight of each metal was worth a different amount, the coins' sizes had to be different in order to match weights and values. For example, silver was (and still is) worth a lot more per ounce than copper, so a dime could have a lot less metal in it but be worth far more than a copper cent.

Even though the monetary value of coins no longer represents the value of their metal content, the traditional sizes are maintained.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is a dime smaller than a penny?
Write your answer...
Submit
Still have questions?
magnify glass
imp